Tech

House Financial Services Commission Chairman Establishes Digital Assets Working Group-Finance and Banking

America: House Financial Services Committee Chairman Establishes Digital Asset Working Group

To print this article, simply register or log in to Mondaq.com.

Maxine Waters (D-CA), Chairman of the US House Financial Services Committee setup The Digital Assets Working Group, made up of Democrats, develops “legal and policy solutions” to the emerging problems in the digital asset sector.

“As cryptocurrencies, central bank digital currencies, and other digital assets become mainstream, the Commission says,” How digital assets affect many aspects of our lives, from payments to investments and remittances. Find out if you’re starting to enter and see how. Develop legislation to support responsible innovation that protects consumers and investors while promoting greater financial inclusion. “

According to the release, Democratic Party members will be involved in (i) regulation of cryptocurrencies, (ii) the use of blockchain and decentralized ledger technology, and (iii) laws and policies regarding the potential development of digital currencies by the Central Bank of the United States. We plan to work together on a solution.

Commentary

Questions about the handling of digital assets are not essentially divided along political lines.

Primary source

  1. US Home Financial Services Commission Press Release: Waters Announces Digital Assets Working Group

The content of this article is intended to provide a general guide to the subject. Expert advice should be sought for certain situations.

Popular Articles: US Finance and Banking

LIBOR transition: BSBY first exits the gate

Duane Morris LLP

As all regulators and markets focus on SOFR as an alternative to LIBOR, it’s easy to forget that there are other alternative rates that are in the spotlight of the market.

House Financial Services Commission Chairman Establishes Digital Assets Working Group-Finance and Banking

Source link House Financial Services Commission Chairman Establishes Digital Assets Working Group-Finance and Banking

Related Articles

Back to top button